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CARRET & COMPANY'S PHIL CARRET
(continued from preceding page)
What do you think the price of gold will be at the end of this year?
Carret: Well, I guess I'm a gold bug. I think that everybody should have somewhere between 2% and 5 his net worth in gold - preferably in gold coins, which might conceivably have some scarcity value some day
Gold is a remarkable commodity. It's indestruct and good looking.... And it's universally desired....
And as our last resort, God forbid, if we ever got major. major depression, a little gold might save one's life.
Are there any secrets of a long life you can tell us?
Carret: Yes. First, pick your parents carefully. Second, have a reasonably serene disposition. Third - this is addressed to men - find an ideal wife, as I did.
Don't worry. That's the main thing.... Aside from health. I don't think one should ever worry. No point worrying about things that probably won't happen. My friend, Norman Vincent Peale, tells the story about meeting a parishioner who was obviously very depressed. So he stopped to chat with him.
So he said, "Oh, Dr. Peale, I'm terribly worried. problems, problems. I don't know what to do."
Norman said, "Why I've just come from a place where there's 60,000 people without a problem among them.
"Oh," he said, "That sounds wonderful. I'd love to be there.
Norman said, "I don't think you would. It was Woodlawn Cemetery."
OlD: Thank you, Mr. Carret.
-OID
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For additional
information Carret & Company (212) 593-3800
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Contrary Opinion Forum, you may contact:
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309 South Willard Street Burlington, Vermont 05401 (802) 658-0322 |
The preceding feature appeared in the October 31, 1990 edition of
Outstanding Investor Digest.
Page 9 of 9
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